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  A.I. Riches Fuel Economic Divide in Asia’s Chip Powerhouses A.I. demand is driving stock market gains and booming exports in South Korea and Taiwan. But the rest of the economy is being left behind. Listen · 9:45 min 9 June 24, 2026 In South Korea and Taiwan, the world’s hunger for artificial intelligence has unleashed a boom unlike anything seen in years. The two economies are home to the small cluster of companies that produce the coveted chips A.I. cannot run without. As exports climb to record highs and stock markets soar, the rush to cash in has reached a fever pitch. Seniors are opening brokerage accounts to funnel their savings into semiconductor stocks. On social media, young people question the point of their jobs, saying they could earn as much — or more — trading stocks. Yet the windfall is masking a far bleaker picture across much of the rest of the economy. Industries outside chip making are struggling to navigate a turbulent landscape upended by energy and tariff sh...
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  The American Revolution Wasn’t the Main Event Americans have long imagined that they set off a global age of revolt. Seen within the era’s wider wars of empire, the story looks rather different. May 4, 2026 Since 1776, Americans have been insisting that they were the protagonists of a new world order. Yet “the sad truth of the matter,” Hannah Arendt wrote, is that, whereas France’s revolution “made world history,” America’s was “of little more than local importance.” Illustration by Ben Hickey Historians deal in secular truths. Slavery is an appropriate explanation for the Civil War; God’s will is not. Still, some occurrences are so improbable they can make it hard to believe that we’re entirely alone, that there are no fates or hobgoblins pulling the strings. Thomas Jefferson’s death is one. That Jefferson, an ailing octogenarian, should die in his bed was unsurprising. That he should die on the same day as his fellow-Founder John Adams was perhaps a tad eerie. But that both sho...
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  Learn more about Refinitiv My News Commentary ROI: Reuters Open Interest Fed's bubble blind spot is cause for anxiety Mike Dolan June 24, 2026 4:04 PM GMT+10 Updated 11 hours ago FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo  Purchase Licensing  Rights , opens new tab LONDON, June 24 (Reuters) - New Federal Reserve Chair  Kevin Warsh  is unlikely to differ much from the late Alan Greenspan on how the central bank should deal with financial asset bubbles — and that legacy offers little comfort to anyone. During his almost two decades leading the Fed, Greenspan — who  died on Monday  at the age of 100 — routinely insisted the central bank should ​not try to deflate financial market bubbles in advance. Instead, it should simply mop up the mess whenever one bursts. The Reuters Inside Track newsletter is your essential guide during the W...
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